People wanting to compare energy rates from a range of sources could soon have more options with the imminent construction of the Wave Hub off the Cornish coast.
The device will cost £42 million to construct and from its position anchored ten miles out to sea will provide four separate berths available for the testing of new wave and tidal technology.
Businesses investing in renewable energy technology will be able to use the device from 2011, when the operation to connect the Wave Hub to the national grid will have been completed, and the PowerBuoy wave energy converter from Ocean Power Technologies will be the first.
Stephen Peacock, of the South West Regional Development Agency (RDA), said: "This milestone is the culmination of more than six years' work by the RDA and its partners. Our aim is to create an entirely new low-carbon industry in the south-west."
A series of offshore wind farms are also set to be developed in the coming years to enable more people to access cheap energy rates and reduce the national carbon footprint.
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